How long????

[meka1922]

How long does a chapter 13 bankruptcy stay on your credit report....I am hearing like 3 years. Can someone please tell me I thought it was 10 years???

[StartingOver10]

Chap 13 stays on 7 years.

Chap 7 stays on 10 years.

[SoulMaster]

---

@meka1922 wrote:

How long does a chapter 13 bankruptcy stay on your credit report....I am hearing like 3 years. Can someone please tell me I thought it was 10 years???

---

The times SO10 quoted were from filing.  Most CH13 plans take 5 years from filing to discharge.  Which means ~2 years from discharge if you complete a 5 year plan.

-SM

[meka1922]

My plan was for 3 years, I started March 28 2011-will finish March 28 2014 so by March 2016 it should be discharged or not showing on my credit report??? Wow, I was never told that.

[SoulMaster]

No. You've got the math wrong.

If you started 03/11 it will be on your report until 03/18.  7 Years from the date of filing.  It's only 2 years from discharge when you have a 5 year plan (7 - 5 = 2).  If you have a 3 year plan it's 4 years from discharge (7 - 3 = 4).

Regardless of plan length, it is ALWAYS 7 years from the date of filing when you complete your plan.

-SM

[Officer737]

---

@SoulMaster wrote:

No. You've got the math wrong.

If you started 03/11 it will be on your report until 03/18.  7 Years from the date of filing.  It's only 2 years from discharge when you have a 5 year plan (7 - 5 = 2).  If you have a 3 year plan it's 4 years from discharge (7 - 3 = 4).

Regardless of plan length, it is ALWAYS 7 years from the date of filing when you complete your plan.

-SM

---

+1, err forget the number as it may be more confusing, it's exactly what SM said